Brands Holding Corp. (NYSE: AKA), also known as a.k.a., reported a positive second quarter with a 7.8% increase in net sales to $160.5 million compared to $148.9 million the previous year. This marks the fifth consecutive quarter of growth for the company, showcasing its strong performance and resilience in the market.
The company attributed this growth to a 6.8% rise in the number of orders, driven primarily by the U.S. market where net sales saw a significant 14% increase. Adjusted EBITDA for the quarter was reported at $7.5 million, accounting for 4.7% of net sales, compared to $8.0 million and 5.4% of net sales in the prior year. While there was a slight decrease in EBITDA margin, the company remains optimistic about its overall performance.
Looking ahead, Brands Holding Corp. updated its fiscal outlook for 2025, now expecting net sales in the range of $608 – $612 million compared to the previous forecast of $600 – $610 million. The adjusted EBITDA range was also revised to $24.5 – $27.5 million from $24.0 – $27.5 million. This adjustment reflects the company’s confidence in its ability to continue growing its brand portfolio, capturing additional market share, and driving profitable growth in the near and long term.
Ciaran Long, the CEO of Brands Holding Corp., expressed his confidence in the company’s future prospects, stating, “As we look ahead, I’m confident that we are well positioned to continue growing awareness across our brand portfolio, capture additional market share and drive profitable growth over the near and long term.”
For more information on recent developments in the industry, you can read about The ONE Group Q2 Revenue Continues To Rise Amidst New Venue Openings.
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